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. when we return, a new tax reform plan. ♪ >> welcome back. we are joined by kevin brady of texas. the ranking republican member on house ways and means. dave camp, with your support, there is any chance the house will vote on it this year? >> i don't know the timing on a vote. the timing to lay down the track is long overdue. it is dragging our economy down. it is unfair. someone, sometime had to lay down that first top to bottom rewrite. >> you have done in an admirable way. is there any chance the house will vote on it? >> i think it depends upon how it moves. the members in our conference are very interested in fixing this broken code. we have lots of segments of industry are weighing in a big way. >> doesn't this proposal set the predicate in many ways for any subsequent tax on wealthy banks? that has to be a part of any future package. >> this is important because it takes a big step. you have the conversation with specifics on the tax code. again, it really is how this is received. how groups weigh in. how members feel about it. at the end of the day we want the most pro-gr
the new tax reform plane is good. the ukraine debacle, and margaret carlson debates the political pull of bill clinton. >> we begin the program with the longest serving member of congress -- ever. served with 11 presidents. it is a privilege to have john dingell. thank you for being here. >> god bless you. you still call me john. >> you have revered the institution. what reforms would you make? >> one is the nasty partisanship. it shouldn't be that way. the congress means the coming together. the great assemblage of the american people. all of the business has been moved into the office of the speaker. newt gingrich started that. it gave them control over the then congress. they had the control they wanted to run the place they wanted. >> you would return that? >> you bet i would. >> but with the money in politics, the 24 hour news cycle, do you worry that rather than a temporary cycle, this may be a condition for a long time? >> i am afraid that it is so. i am very much afraid that the congress will never be able to go back. you mentioned the other problems we have. 24-hour news cycle
too much, borrows too much, and taxes too much. it reflects says america's priorities to create jobs, strengthen the middle class, and build an economy that creates opportunity for all. went to theell floor yesterday and talked about the president's budget proposal. he said it is not a serious document. [video clip] >> it will probably never past the democratic led senate. in some sense, that is the point. rather than put together a constructive blueprint both parties could use to get the economy moving, the president is opting for the political stunt for a budget that is more about andng up the base in election-year. it would increase taxes by over $1 trillion in the worst economic slowdown anyone can remember. it would explode spending by $790 billion, forcing us to borrow more money. it would do almost nothing to threatsthe serious facing our children's futures and does not come close to balancing this year. mitch mcconnell talking about the 2015 budget proposal. congress will take up budget proposals and will decide what gets spent. "the washington post" tweeted this -- it would
back. stay with us. thinking up game-changing ideas, ke this: dozens of tax free zones across new york state. move here. expand here. start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax fr plan. there's on one way for yo business to go. . lou: all day, fox business has been focused on the business of boomer retirement. a survey shows it is out of reach for far too many americans, 58% of workers, age 60 and older have to put off their retirement. mostly because of financial reasons, good news that down from a pike of 66 percent in 2020. new fed chair yellen testifying before senate banking committee told them central bank would probably continue to taper while trying to figure out how much research weakness in the economy is because of the see winter weather, market, responding %-posting a new record high,&p. joining us now. chief economist from moody's capital, john lonski, janet yellen seems to have slid into her well rarefied chair, is doing brilliantly it seems. >> i think she is doing very well. market likes her, up 1% for year
up game-changg ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. wi new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com we are thinkers. the job jugglers. the up all-nht and the ones who turn ideas into action. we've made our passions our life's wk. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs whstarted it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're re toelp start yours. lou: a record day on wall street, dow up 74,&p up 9, closing at all-time record high, nazdaq up 2 and cde oil lost 19 cents on the day. gold up $4,. >> yield on 10 year, falling further, down to .64%. -- 2.64%, steers sears stock up more than 6% today. retailer posted tter than expected earnings a nice rprise, and freddie mac will repay the treasury more than $10 billion with total payments no
construction jobs. the federal gas tax has been capped around 17 cents a gallon. drivers from the northeast to the midwest don't need a reminder how bad our roads can be. the drivers $6.5 billion. jonathan, how about those potholes, do you have a view on that? >> i like to avoid them. >> i'm anti-potholes, too. >> that's all the time we have. it was nice having you on. >> thank you, ari, i appreciate it. >> $300 billion over four years. put aside the skepticism about getting anything done in washington. walk us through you there at the white house what you know about this and the plan. >> well, i think what you've got is the president again trying to get congress, trying to get the government to invest in infrastructu infrastructure. this is something he's been trying to do for several years. not just invest in it, invest in it ahead of time so as anthony fox, the transportation secretary said earlier today, you don't continue to put band aids on for the nation's highways and other infrastructure. that's what we've been doing to borrow a term for the show. there's been a cycle
at the president's budget, you see an earned income tax credit. that is being offered by the president as something that should be expanded. if you look at the poverty report monday, he praises the earned income tax credit. republicans have different views. use all marco rubio in the senate talk about killing the program. marco rubio in the senate talking about killing the program. the earned income tax credit, which the president wants to expand, was really a republican proposal a few decades ago. republicans like having people work and having people reported for work. this could be an area where there are twin carried -- tinkering. expand the like to tax reduction for families who have children. republicans have been focusing on this for the past year. mike lee, one of the most conservative members has been talking about using the tax credit as the core of what republicans have. see at least two areas there could be talks. credits, we are seeing political messaging more than anything else. host: what are the expectations for how the budget process is going to work on capitol hill? will the senate
, totaling almost $4 trillion. it includes new tax hikes to offset additional spending for education and job-training. but republicans say it does nothing to address the nation's fiscal challenges. we'll discuss its approach to helping low income americans, later in the program. israeli prime minister benjamin netanyahu is warning the u.s. and the world against letting iran go ahead with any part of its nuclear program: he spoke in washington, a day after meeting with president obama. >> the leading powers of the world are talking about leaving iran with the capability to enrich uranium. i hope they don't do that because that would be a grave error. it would leave iran as a threshold nuclear power. >> woodruff: netanyahu also said that far from easing sanctions on iran, the world should increase them. he also urged the palestinians to recognize israel as a jewish state, if they really want peace. the process of removing syria's chemical weapons is picking up pace. the dutch diplomat overseeing the operation said today the assad regime has handed over six shipments of toxic agents. she spoke
. the majority of the accounts weren't reported for tax purposes to the irs. and the fed wants more information from troubled bitcoin exchange mt. gox, the "wall street journal" saying mt. gox received a subpoena from federal prosecutors in new york last month to preserve certain documents once the world's biggest bitcoin exchange mt. dpox has gone offline. the business is at a turning point, there's a lot of worry the entire business may be bankrupt and gone forever. the controversy surrounding mt. gox putting a lot of pressure on bitcoin prices, $597.75 is where things are trading now. that was a stock, almost like a stock, it's not a real currency sorry to say, joe. >> now you tell us. >> now. >> now you tell us. >> i am not a bitcoin fan. i believe electronic currency of some sort may flourish in some way. i don't know if bitcoin is the way. >> i thought you were a bitcoin advocate. if now your' saying -- >> i'm fascinated by the conversation around bitcoin. >> you know i'm needling you because you have talked about it a lot. i hope no one mistook what you were saying for like an endorsemen
's about our values. as a country we've got to make a decision if we're going to protect tax break for the wealthiest americans or or make smart investments to create jobs and expand opportunity for every american. >> among the proposal an end to the carried interest loophole which allows hedge fund managers to be taxed at a very low rate, spending $302 billion to repair the nation's roads and bridges, and closing the $4 billion worth of fossil fuel loopholes every year. the proposal includes an idea with historically bipartisan support. it's little known but highly effective tax rebate for the poor, earned income tax credit. yesterday in a 200-plus page report in the failures on poverty, budget chair paul ryan wrote, research finds that the best anti-poverty programs encourage work, programs like the earned income tax credit increase labor force participation. the president likes the earned income tax credit and paul ryan likes the earned income tax credit. so how did mr. ryan respond to the president's overture one day later? quote, this budget isn't a serious document, he said i
for the tax rates to pay for that. most definitely. caller: our roads are awful. we have a lot of state roads. repair work would really help. where else do you see jobs available besides infrastructure spending? where else do you think the government can help create jobs? caller: i think in the technology,system, private sector. help bringons would about income to a level of being able to take care of your family, cover your living expenses. if that was not for unions, we would not be able to watch you on television right now. so they can rip off citizens and keep low wages and make big profits. thank you. calling in from philadelphia, pennsylvania. fish and sam says the president's budget should be how not to spend others money. also, dean writes in, too bad the gop will kill his budget. are they totally heartless? commentspage, several on that. allen writes in on her thoughts on the president's budget plan. she says stop messing around with other people's lives. we will continue to bring you comments. we want to hear you on the phone. the phone lines are open. ruben in philly on the line fo
budget. he's trying again today. we'll take a look to see who would be paying more in taxes if he gets his way this time. >>> renowned bond fund pimco has been in the headlines lately with its headline grabbing management changes. we're going to talk with its new deputy chief investment officer about what is ahead for pimco and what was her reaction to that "wall street journal" article saying that bill gross made pimco a tough place to work for. we'll find out coming up. >>> and he's just days removed from serving as the ambassador to russia. michael mcfaul has gone eye all to eyeball with vlad peimir put. did putin just blink or did he wink? (music) defiance is in our bones. defiance never grows old. citracal maximum. calcium citrate plus d. highly soluble, easily absorbed. [ banker ] sydney needed some financial guidance so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today..
with reality. >> making smart spending cuts and closing tax loopholes that right now only benefit the well off and well connected. >> it is primary day in texas. >> in the last gubernatorial election, the latino turnout was make or break issue. >> the voices in south texas will be the voices if they engage. >> are you homephobic? >> i'm not homephobic, are you? >> if you had more gay friends you would not wear that tie? >>> we begin today with breaking news. today the tug of war over ukraine is intensifying with russia's president defending his intervention and u.s. upping the ante. here's president obama over an hour ago. take a listen. >> although russia has legitimate interests in what happens in neighboring state, that does not give it the right to use force as a means of exerting influence inside that state. >> doesn't have the right to use force and then we turn from d.c. to kiev where secretary of state john kerry made a symbolic stop in independence square where that revolution began and visited a shrine to the fallen and after that he blasted russia. >> it is diplomacy and respect for
prekindergarten education. it increases tax credits for the working poor and supports early childhood programs like head start to help offset those costs, the budget would end some tax breaks for the wealthy and raise taxes on tobacco. ending tax breaks for the wealthy. guess what the republicans think? speaker boehner said, quote, the president has offered perhaps his most irresponsible budget yet. and the gop's go-to budget guy, paul ryan? he called it, quote, yet another disappointment. you know what is actually a disappointment? congressman ryan's new report on poverty, which is nothing more than a justification to cut programs that helped the poor. >> we spent about $800 billion on nearly 100 programs for the poor on welfare programs. and it's getting worse. more people in poverty. the poverty rates at a generation high. and with these new programs has put in place like obamacare, what we're learning is more people will stay in the poverty trap. >> these programs don't put people in a trap. they help lift them up. but it's no surprise congressman ryan doesn't have his facts straight. some
for by making smart spending cuts and closing tax loopholes that right now only benefit the well-off and well-connected. i will give you an example. the tax system provides benefits to wealthy individuals who save, even after they have amassed multimillion dollar retirement accounts. by closing that loophole, we can help create jobs and grow the economy, and expand opportunity without adding a dime to the deficit. we know the country that wins the race for new technology will win the race for new jobs, so this creates 45 high-tech minute extra pounds where businesses and universities will partner to turn groundbreaking research into new industries and new jobs made in america. we know, and this is part of the reason we are here today, that education has to start at the earliest possible ages. it's budget expands access to the kind of high quality learning and other programs to give all our children the same opportunities the most wonderful children we just saw are getting right here at powell. all of that while not today's new jobs are going to require a four-year college degree, more and mor
with the same old stale ideas of raising spending and taxes and nothing new in there. and i am disappointed he put 58 billion worth of new spending sense he signed a bill with a budget agreement two months ago. >> the white house said 13 million americans are getting a tax break, are they? >> the best way to make sure everyone is are treated fairly is to reform. it we put out to reform corporate and individual side. and millions of jobs would be created. i wish the president would come down and listen and have a dialogue. >> he is calling for more spending. >> what is the chance that more spending passes this congress? >> i don't think he has much of a chance here in the house. i can't speak for the senate. but more spending is not the issue here. it is odd it came out on the same day we reached the $17.4 trillion debt. the debt clock is ticking and until we get serious about growing your economy and creating more jobs, obviously it is not the congress that creates jobs. but the american people are the job creators and we have a number of bills laying on the desk in the senate waiting for thos
billion spending increase. huge increase in spending. the other side of the coin is tax sayings. we are going to be -- we are bringing 2.7 trillion in taxation last year. it will be 2.3 trillion next year and the president wants another trillion on top of that. the big picture very clear. tax more, spend more, more government. gregg: off camera you were telling me about the earned income tax credit. >> included in this budget there is an expansion of the earned income tax credit. that's a check that goats out in the mail to people who are working that earn very little money. the president proposed to expand that and bring in an extra 13 million people to get that check every year. those 13 million people have no children. at the moment you can't get the earned income tax credit if they have got no children. the president will expand that, people with no children will be brought in. 13 million more people getting that check in the mail, paid for by you the taxpayer. it's a vast expansion of what we call the social security net under this budget. gregg: there are a great many skeptics
break fast. >>> coming up on "morning joe," congressman dave camp with his new tax plan that is drawing fire from both sides of the aisle. andy serwer will be us and the ice skating duomeryl davis and charlie white will join us. here is bill karins with a check on the forecast. >> no more doritos? >> we got them. >> oh, one more! >> oh! >> eat the whole thing. >> that is a step away from joe scarborough who just leaves it sitting -- >> learn from the master. >> what is the weather? >>> two storms for the west coast. the first in california yesterday and the second one is out in the pacific. this is the big one and waiting for. it's not going to end the drought but take a dent out of it. areas up there in the mountains, we could see up to four feet of snow in the mountains of california. this is much needed. we are predicting about 2 inches of rain and maybe 3 inches of rain in l.a. the most they have seen from one storm in three years. gives you the perspective of how bad this drought has been. of course, the temperatures in the northern plains. this is just brutal stuff. i mean, i know
an economic renaissance, right? >> absolutely. if we just do a couple simple things -- we haven't had tax reform since 1986. it was before the internet got invented. we don't have a system that's competitive. immigration, that's a challenge. we need stem workers in this country to free up manufacturing. you have a bipartisan budget proposed. proposed. we put aside the shutdowns and debt ceilings and all that debate came off the table. those are small victories. >> joe ecchevaria. >> you said that differently. >> well, that's how other people say. >> coming up, mayor de blasio under fire. we'll talk to charter school founder eva moskowitz straight ahead. we'll be right back. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. millions have raised their hand for th
know, al, there is a program called the earned income tax credit. that is if you work, you get tax credits that will lift you up. now, if paul ryan were serious and he wanted to make the earned income tax credit lift people out of poverty, he could find some support for us giving up some other things that are floating around that are sort of patchwork trying to do that. you have to have a certain amount of money or you are in poverty. and you either get it through the job you get or you get some kind of help from the government. and when it comes to feeding your kids and putting a roof over their house and not living in your car, it takes money. that's what he refuses to accept. >> right. now, today's report goes after food stamps as well, joan. >> right. >> and this is a theme republicans have hit on before. in attacking the president. listen to this. >> food stamps versus paychecks. obama is the best food stamp president in american history. >> when he says obama is the food stamp president, which by the way he is. >> lottery winners, multimillion-dollar lottery winners are getti
-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com an entirely new menu created with your busy schedule in mind. pronto lunch starting at $6.99. handmade italian sandwiches, flatbreads, and our signature soup and salad. starting at $6.99. and all served "pronto!" at olive garden. >>> welcome back to "hannity," now for years the left has been spinning their lies about global warming, all in an effort to public through their radical agenda, listen to this. >> dirty weather causes dirty lives. >> the debate is settled. climate change is a fact. and when our children's children look us in the eye and ask if we did all we could to leave them a safer more stable world with new sources of energy i want us to be able to say yes, we did. >> we're about to have a harsh reality. patrick moore is the co-founder of greenpeace, and he says
, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com [ male announcer ] don't miss red lobster's lobsterfest! the year's largestelection of lobst entrees like loter lover's dream or new dueling lobster tail withne crab-stuffed tail and one topped with shrimp. hurry in and sea food fferently. bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on his portfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. >>> welcome back to "hannity," now for years the left has been spinning their lies about global warming, all in an effort to public through their radical agenda, listen to th
issue as you know, bill, the grand bargain, retirement reform, big tax deal, that's not happening. so this is money that is not going to be allocated. republicans in the house will block this request by it's all about the election because policy-wise this is not going anywhere. bill: appreciate your time out of d.c. for viewers at home, what do you think? is washington serious about its budget? will it ever balance its books? send us your tweets @marthamaccallum and bill hemmer. martha: people who like their plans maybe can actually keep them. is this latest delay because of the mid-term elections that are looming? bill: a smartphone that makes your phone useful to the bad guys. >> there goes a couple of plows demonstrating what i said, hitting us. there you go, there goes another one. four plow trucks. martha: a reporter getting snow plowed. he will talk about what happened and his close encounter with the plow. sfunction get in your way? talk to youroctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain. it may cause a
's going to bring $600 million of revenue, 1$135 million in tax revenue alone. i think it needs warning labels like cigarettes do. people haven't talked about it. the jury is out on how effective or destructive marijuana can be on you. can it cause cancer in they don't know. can it hurt your lung capacity, cause psychosis, can it affect a pregnant woman? you can read studies on both sides. we need a defined study and warnings. if it's legalized and informed, you know the risks. i'm not a pot smoker but it can be fun. i see my friends giggling but as long as you know the downside it's fair. >> very important discussion. you're right. it should be on a national level. i want to turn to a much more serious subject. obviously what is happening in washington is you do have discussions going on between the president of the united states. the prime minister of israel was in the white house speaking about this deadline to at least get to a framework on a deal between the israelis and palestinians. when you talk to family members how hopeful are you that we can have some progress on this issue?
likelihood of any significant action. tax reform -- you will see a lot about this and next 48 hours as dave camp, the ways and means committee, unveils a very ambitious bill. lots of interesting features including a little surtax on the wealthy that might go against republican orthodoxy. he talks about maybe even nd income to abo surtax which is a very controversial subject. he would do away with a lot of safer tax breaks, as you know. this is something that has made most republicans very uneasy. they do not want to have attention drawn to anything that controversial. i would say the chances of tax reform this year are at best 10%. i'm being generous to even say that. next year with all ryan as head of the ways and means committee, things could change. then there is immigration. being an optimist who would like to see a bill, i think there is a chance that things could get a little more serious after the primaries. midsummer, when so many republicans are going to look over their shoulder to a right-wing challenger, i think immigration is totally off the table as an issue that could move. mi
: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com could save you fifteen percent or more on car insurance.s everybody knows that. well, did you know that when a tree falls in the forest and no one's around, it does make a sound? ohhh...ugh. geico. little help here. i need>>that's my geico digital insurance id card - gots all my pertinents on it and such. works for me. turn to the camera. >>ah, actually i think my eyes might ha... next! digital insurance id cards. just a tap away on the geico app. that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement ins
is to give more money, tax breaks. but the way to help poor people to work harder is to kick them in the butt and their programs? why do you reward the wealthy to make more wealth and then encourage, supposedly, poor people to make more money by cutting them from money. explain the logic, please. >> don't ask me to do that because i cannot explain that logic because it's illogical. but there is a whole way of building up a infrastructure around people who are in poverty to make it easier for them to get work and for them to stay in jobs. that's providing health care, providing day care,el r early child education, nutritional programs for kids, and for their parents if they need it. family medical leave, you know, days off, paid vacation, all these sort of things that the poor don't have. transportation vouchers. because a lot of the working poor can't even get to the jobs. a center for budget and policy priorities put out a report saying even if you filled every job that was open today, you still have 2/3 of the unemployed without work. creating jobs is a whole another thing, but they don't w
. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. >>> situation in ukraine and russia tense, jim maceda is live in moscow with the latest. hi, jim. >> reporter: the big event today was putin's command performance, hour and a half press conference that he gave here in moscow, putin called the
says there's an emergency basis for an order that tax records of parents can then go on the applications for college. he said, no emergency. >> and the fact that the legal drama is now going to continue to drag out. hard to see how they're going to reach any kind of reconciliation any time soon. >> it's very sad. >> i feel that they're going through this and the shame of having this all be so public. >> they were very emotional. she held it all i know side. >>> world leaders are trying to find a resolution to the ukrainian crisis this morning. did president obama's reset on russian foreign policy contribute to the crisis? >>> georgia takes a big step to legalize medical marijuana. dr. sanjay gupta joins us on his documentary. weed two. cannabis madness. l policy that allows you to eat all that you can. the hotel gym is short for gymnasium. the hotel pool is usually filled with water. and the best dot com for booking hotels, is hotels.com. it's on the internet, but you probably knew that. or maybe not, i don't really know you. bellman: welcome back, captain obvious. ca
romney of not paying taxes? it would be a different story, wouldn't it? >> you're right to bring up that romney thing. he made pretty much a scandalous accusation against him not paying taxes, again from the congress floor. a list was posted of the important donors. labor unions are by far and away the biggest, most influential of those donors and many of them give 90-plus percent of their contributions to democrats. if you're going to talk about money in politics, you can not just talk about the koch brothers. you've got to talk about the big unions. >> it's almost like vince mcmahon producing these elections on the democratic side. they have to make a good guy and villain. mitt romney was the bad guy. it's not so much the policies, it's how bad he is. now let's create another villain, these horrible people financing a bunch of illogical candidates against the good guys. black hats and white hats. i wonder how long america will buy it. >> the whole idea right now is to tar a republican candidate with the villainy of the koch brothers because americans for prosperity, a group that t
and conservatives. >>> a serious proposal to overhaul the tax code the first time in more than 25 years. is there any hope for congressional action this year? >>> and the pentagon proposes to slash the army to its smallest size in almost 75 years. how risky are the cuts for american security?
it fast, plus you might be in a higher tax bracket. i think this is where ryan's going to go. but you tell me. >> reporter: that's exactly right. i spoke with chairman ryan over the weekend. that's the crux of his argument with this budget document. he says that there's over 92 programs administered by the federal government dealing with poverty. a lot of people are enrolling in these programs even as a recovery is ongoing. he's trying to look at ways to curb the spending on these kind of programs and also just try to empower people out of poverty. he thinks the party needs to return to your old friend, jack kemp, to get back to the growth message on these issues and not just talk about cutbacks. >> democratic budget guru, chris van hollen, thinks that paul ryan wants to slash safety net programs left and right and doesn't buy into the incentive argument. so we're going to have a big fight on our hands. >> reporter: i think so. because there was a budget deal crafted between the senate and the house in december, we're not going too see a major budget war in terms of finding a budget compro
Search Results 0 to 38 of about 39 (some duplicates have been removed)